MTD plan
Qualifying income £40,000.00 · as-of 2027-09-01
Qualifying income £40,000 meets £30,000+ from 6 Apr 2027.
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Quarterly calendar (2027/28)
| Q | Window | Due | Days | Status |
|---|---|---|---|---|
| Q1 | Q1 (6 Apr–5 Jul) due 7 Aug | 2027-08-07 | -25 | overdue |
| Q2 | Q2 (6 Jul–5 Oct) due 7 Nov | 2027-11-07 | 67 | upcoming |
| Q3 | Q3 (6 Oct–5 Jan) due 7 Feb | 2028-02-07 | 159 | upcoming |
| Q4 | Q4 (6 Jan–5 Apr) due 7 May | 2028-05-07 | 249 | upcoming |
Tax / NI sketch
| Income Tax | £3,086.00 |
| Class 4 NI | £925.80 |
| Total liability | £4,011.80 |
| POA sketch (each) | £2,005.90 |
rUK 2026/27 illustrative bands. Ignores savings/dividend stacking, Scottish rates, student loans, loss relief, capital allowances detail, and Class 2. Not a Self Assessment substitute.
Penalty exposure
Submission points: 3 → financial £0. Points-based late submission: 4 points triggers £200, then £200 per further missed deadline.
Late payment (0d): penalty £0.00 · interest illus. £0.00 · total extra £0.00
Ordered next steps
- Mandated since 2027-04-06 (£30,000+ from 6 Apr 2027): keep continuous digital records and file every quarterly update through MTD-compatible software.
- File the Q2 quarterly update by 2027-11-07 (67 day(s) after 2027-09-01).
- Budget for the illustrative £4,011.80 liability (Income Tax £3,086.00 + Class 4 NI £925.80): sketch payments on account of ~£2,005.90 each due 31 January and 31 July, with any balance due the following 31 January.
- You carry 3 late-submission point(s), below the 4-point fine threshold — file the next deadline on time to stop points accumulating.
- File the 3 missed quarterly update(s) as soon as possible — each further miss adds another point toward a £200 fine.
- If an accountant files for you, authorise them as your agent and send them this report link so the 2027/28 deadlines above are covered.
Educational illustration only — not tax or legal advice. Mandation uses gross qualifying income (trading + property). Tax/NI figures are simplified rUK 2026/27 estimates and ignore many reliefs. Confirm deadlines and software obligations on GOV.UK / with a qualified agent.